20th Century-fox Film Corp.

September 13, 1985|By Deanne Brandon

BUY-OUT TALK. Publisher Rupert Murdoch is negotiating to become sole owner of 20th Century-Fox Film Corp. by buying out oilman Marvin Davis, The Wall Street Journal reported Thursday. A contract of sale is being drawn up, the Journal quoted unidentified sources as saying. But an executive familiar with Davis' affairs said odds that a final agreement would be reached were 50-50, the newspaper reported. Murdoch acquired a 50 percent interest in the Hollywood film studio in March for $250 million. The price for Davis' half is believed to be $300 million to $350 million, the Journal said.